Reusing Addresses
Farhan avatar
Written by Farhan
Updated over a week ago

Is it ok to reuse a Bitcoin or other cryptocurrency address?

All Bitcoin and cryptocurrency transactions are public, traceable, and permanently recorded in the blockchain data. When addresses are re-used, it becomes easier for third parties to track your activity and determine how much money you have and what you are using it for. Using a fresh address each time you receive Bitcoin and other cryptocurrencies will help to preserve your financial privacy.

Fortunately, it's easy to avoid reusing cryptocurrency address! The Wallet app enables you to create new Bitcoin and other cryptocurrency addresses in a few taps. You can also set up the app to automatically generate a new address every time you receive Bitcoin and other cryptocurrencies. Please refer to this guide for step-by-step instructions.

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